A Step-by-Step-Guide on how to buy Banano (BAN)
Step 1 – Signup to CEX.io You will first need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and to get Bitcoin or Ethereum.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Banano (BAN) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find Banano (BAN) As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can start purchasing and trading. To purchase Banano (BAN) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To locate Banano (BAN), you'll need to put the shortname of the coin (BAN) into the search box, which is marked in the image. Be certain of having selected the right pairing, we have marked this also. Click on “BAN/BTC” to go on.
Step 4 – Purchase Banano (BAN) After you've discovered Banano (BAN), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to make our own Limit Order. The ”Price” field will be filled with the most recent price Banano (BAN) was traded for. You can change this to your favoured price. The ”Amount” field is the amount of BAN you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole amount of BAN. If you're satisfied, make a mouse click on “Buy BAN”. Your plan will be filled when a Vender trades their BAN for the price you introduced.
Step 5 – Withdraw (BAN) Banano Unless you are trading, best advise is not to keep coins on an Exchange for an longer time frame. In order to withdraw your (BAN) Banano, go to the tab called “Funds” and mouse click on “Withdraw”. (BAN) Banano can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BAN) Banano by using the provided drop-down box. Drop in the quantity of (BAN) Banano you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are satisfied, click “Submit”. You could be asked for email/phone verification ahead of a take off.